"The CBO has released a preliminary estimate of the Senate's 'Clean Energy Jobs and American Power Act,' basically their cap-and-trade bill. And the results are precisely the opposite of what climate deniers have warned -- rather than imposing a massive energy tax, the bill would reduce the budget deficit over time." The Kerry-Boxer bill would reduce the deficit by about $21 billion over the 2010-2019 period.

David Dayen reports for FireDogLake December 17, 2009. [2]